Azerbaijan raised monetary supply by 18%

The Central Bank of Azerbaijan (CBA) has released a management report on the results of 2023. The document says that last year the CBA withdrew AZN5.47 billion (495.5 million pieces) worth of money from circulation and instead put AZN8.07 billion (568.3 million pieces) worth of money into circulation. As a result, the money supply in circulation rose by AZN2.6 billion (73 million units) or 17.7 per cent to AZN17.31 billion (947 million unit...

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